Baidu Inc., operator of China's most popular online search engine, reported second-quarter profit that beat analysts' estimates as a censorship dispute with Chinese regulators hampered main rival Google Inc. Net income for the three months ended June more than doubled to 837.4 million yuan ($123.6 million), or 2.40 yuan per American depositary receipt, Baidu said today in a statement. That exceeded the 710.4 million yuan average of 14 analysts' estimates compiled by Bloomberg. In the year-earlier period, Baidu's profit was 383.3 million yuan, or 1.10 yuan per ADR. Baidu gained advertisers from Google after the U.S. company shut its China-based search site in March and redirected local users offshore to avoid censorship rules in the world's biggest online market. The Beijing-based company's stock has climbed 78 percent in U.S. trading this year, making it the best performer in the Morgan Stanley Internet Index. "We believe the market-share gain for Baidu versus the market-share loss for Google is likely related to Google China's partial exit [!]," Citigroup Inc. analyst Alicia Yap wrote in a July 19 report. The changes in Google's China site "caused increasingly bad user experiences," according to Yap. Read more...
Net income for the three months ended June more than doubled to 837.4 million yuan ($123.6 million), or 2.40 yuan per American depositary receipt, Baidu said today in a statement. That exceeded the 710.4 million yuan average of 14 analysts' estimates compiled by Bloomberg. In the year-earlier period, Baidu's profit was 383.3 million yuan, or 1.10 yuan per ADR.
Baidu gained advertisers from Google after the U.S. company shut its China-based search site in March and redirected local users offshore to avoid censorship rules in the world's biggest online market. The Beijing-based company's stock has climbed 78 percent in U.S. trading this year, making it the best performer in the Morgan Stanley Internet Index.
"We believe the market-share gain for Baidu versus the market-share loss for Google is likely related to Google China's partial exit [!]," Citigroup Inc. analyst Alicia Yap wrote in a July 19 report. The changes in Google's China site "caused increasingly bad user experiences," according to Yap.
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"Using Facebook's advertising tool, we've been tracking country and demographic data, and we've observed rises and dips within countries and regions even as the worldwide traffic total has grown. In places where Facebook grew first -- the US, and some European countries, especially -- we've observed more weak months as the service has penetrated more of the total population. The fact that so many people are on Facebook means that there aren't many more people left who can join....
"So, whether from new countries or old, Facebook founder Mark Zuckerberg recently said that he thinks the company can reach a billion users. He shared more about that, during a recent talk at the Cannes Lions International Advertising Festival [!].
"'We know that a country has tipped when local-to-local connections outnumber local to foreign," he said, as The Financial Times reported. "It is a long-term thing we are probably not going to win in six months, not in a year... things look promising in three to five years out.'" Read more... Diversity is the key to economic and political evolution.
Grow your community The members gadget makes registration simple, letting users sign in to your website with existing account information (e.g. Google, Yahoo, AOL) so they spend less time filling in forms, and more time exploring your site. The members gadget also lets users create or import profiles (e.g. Twitter), discover other users, and send private messages to each other.... More relevant ads Associate your Friend Connect account with your AdSense account to display ad units that match the interests users publicly share on your website. You can choose the exact ad units that take users' interests into consideration. Your site, your data Review the interests users share and your site's membership growth from inside your Friend Connect account. You can export your site's data at any time for spreadsheet analysis or to integrate with third party services. Read more...
More relevant ads Associate your Friend Connect account with your AdSense account to display ad units that match the interests users publicly share on your website. You can choose the exact ad units that take users' interests into consideration.
Your site, your data Review the interests users share and your site's membership growth from inside your Friend Connect account. You can export your site's data at any time for spreadsheet analysis or to integrate with third party services.
